New transitional tax measures – COVID 19

In context of the health emergency, the Tax Administration laid out until June 30th 2020, (RG No. 47/20) the following administrative measures:

  1. For acquisition and/or renovation of credits from financial brokers and/or cooperatives, it will be mandatory the presentation of a certificate of tax compliance or proof of not being a registered taxpayer, for operations with amounts equal or superior to PYG 150.000.000.
  2. The current payment facilities will be regarded as relapsed when more than 6 installment payments are in arrears and/or 180 days behind.       
  3. In any case, the taxpayer will be able to apply for new payment facilities.
  4. Emission of debt certificates and/or procedures of collections process by this time are suspended.

Additionally, the National Government presented a bill that declares state of emergency in the entire national territory and administrative, fiscal, and financial measures are established.